Aliko Dangote GCON, a billionaire businessman from Nigeria, was born on April 10, 1957. The largest industrial conglomerate in West Africa, the Dangote Group, was founded by Dangote, who is also its current chairman and CEO.
As of Jan 2023, Dangote’s net worth was projected to be over $18.8 billion by Forbes and Bloomberg Billionaires Index, making him the richest African, the richest Black, and the 65th richest person in the entire world.
Aliko Dangote Bio/Wiki
[table id=3967 /]
Dangote was born into a prosperous Hausa Muslim family in Kano, Kano State. Mariya Sanusi Dantata, the mother of businessman Dangote, was his eldest child.
Sanusi Dantata’s business partner was Aliko Dangote’s father, Mohammed Dangote. Dangote is the great-grandson of Alhassan Dantata, the richest man in West Africa at the time of his death in 1955, through his mother. Dangote borrowed $3,000 from his uncle shortly after receiving his college degree at the age of 21 in order to import and sell agricultural products in his native Nigeria.
His company endeavour was successful right away, and he was able to pay back the full debt within three months of operations. In the end, Dangote was successful in growing a small local commodity trading company into a multibillion-dollar company. Dangote, who spent a large portion of his youth living with his grandfather, developed an early interest in the business.
He recently recalled that while he was in elementary school, “I can remember when I would go and buy cartons of sweets [sugar boxes] and I would start selling them just to get money. Even then, I was quite interested in business. At the age of 21, Dangote received his degree from Al-Azhar University in Egypt, which is regarded as one of Islam’s most esteemed institutions.
The aspiring businessman continued his business study there.
Aliko Dangote Education
Dangote attended the Capital High School in Kano after finishing his education at the Sheikh Ali Kumasi Madrasa. He received his diploma from Birnin Kudu Government College in 1978.
He graduated from Al-Azhar University in Cairo with a bachelor’s degree in business studies and administration.
In 1977, the same year that Dangote moved to Lagos to grow the business, the Dangote Group was founded as a small trading company. When Dangote started trading in commodities, such as bagged cement and agricultural products like rice and sugar, his uncle gave him a loan of $500,000.
He proposed to the Central Bank of Nigeria in the 1990s that it would be more affordable for the bank to let his transport company operate their fleet of staff buses, and the proposition was also accepted. One of Africa’s biggest businesses today, the Dangote Group has international activities in Benin, Ghana, Zambia, and Togo. The Dangote Business, which includes the Dangote Sugar Refinery, Dangote Cement, and Dangote Flour divisions, has evolved from a trading firm to become Nigeria’s largest industrial group.
Nigeria’s sugar industry is dominated by Dangote Group, whose refinery division supplies the majority (70 per cent of the market) of the nation’s soft drink producers, breweries, and confectioners. More than 11,000 individuals are employed by the company across West Africa.
Dangote requested permission from the Nigerian Ports Authority in July 2012 to lease a vacant plot of land at the Apapa Port. Later, he constructed it there for his flour business. With an annual production of 800,000 tonnes of sugar, it is the third largest refinery in the world and the largest in Africa.
The Dangote Group is a significant importer of rice, seafood, pasta, cement, and fertiliser in addition to owning salt and flour mills. To a number of nations, the corporation sells cotton, cashew nuts, cocoa, sesame seeds, and ginger. It also has significant investments in banking, transportation, textiles, oil, and gas.
Following his collaboration with the governments of Kano and Kaduna states, the Stellantis Group, the parent company of Peugeot, and Peugeot, Dangote stated in February 2022 that the Peugeot assembling facility would be completed in Nigeria. The Peugeot 301, Peugeot 5008, 3008, 508, and Land Trek were rolled out at the Kaduna-based factory of the new automaker, Dangote Peugeot Automobiles Nigeria Limited (DPAN).
One of the reasons the business has expanded so much since its inception is that Dangote has always invested the majority of his revenues back into his companies. Aliko Dangote stated, “We [Dangote Group] are not doing like other Africans who store the majority of their money in the bank,” in an interview with Al Jazeera News.
We do not maintain a bank account. We totally invest everything we have and we continue to invest (sic). Dangote first went a different route than many affluent Nigerians who made their fortune in oil, but he has now entered the oil and gas industry.
Dangote is building a huge oil refinery in Lagos that will begin operations in late 2021 in an effort to use part of his cash reserves. If it is successful, Nigeria’s dependency on foreign oil and gas providers might be greatly reduced, and the $7 billion in fuel imports every year could be stopped.
The $15 billion Nigerian refinery, which is planned to generate 650,000 barrels of oil per day, is the country’s greatest industrial undertaking to date. In 2007, Dangote became the first billionaire in Nigeria. According to the Bloomberg Billionaires Index, Dangote reportedly increased his wealth by $9.2 billion in 2013, ranking him as the thirty-fifth richest person in the world and the richest African at the moment.
The HSBC disclosures in 2015 made it known that Dangote was a client of HSBC and that he owned assets in the British Virgin Islands, a tax haven. Dangote is the richest person in Africa as of June 2022, according to estimates; his net worth is projected to be $14 billion.
Many people are curious about Aliko Dangote’s family size. As a result, we made the decision to conduct a study on it in order to give you correct answers. Pictures of Dangote’s children can be found in the following paragraphs. Alhaji Aliko Dangote is unquestionably a highly well-liked individual. Many compliments to him for being the wealthiest person in Africa. The millionaire Nigerian is quite quiet about his personal life, though.
In actuality, not many people are familiar with his family in any detail. People have so frequently had to speculate as a result. The public knows very little about many of Dangote’s children since they maintain a very low profile; nonetheless, we have been able to identify the names of some of his kids.
The first child of Halima Dangote earned a marketing degree from the American Intercontinental University in London. She earned a Master’s in Business Administration at Webster Business School London a few years after receiving her first degree. At Dangote Industry Limited, she is the executive director at the moment.
Halima Dangote maintains her discretion. Nevertheless, we were able to learn a few things from her LinkedIn page. Fatima Dangote and Abubakar Jamil’s wedding was held at Eko Hotels and Suites. The bride is the daughter of Aliko Dangote, the richest man in Africa, and the groom is Mohammed Abubakar, a pilot and the son of a former inspector general of police.
International dignitaries were present at the wedding. Another of the wealthy billionaire’s daughters is named Mariya. Like her sisters, she also maintains a very low profile. She is said to be so down to earth that, if you met her, you wouldn’t realise her father is Africa’s richest man, according to many stories.
Only Abdulrahman Fasasi, a son of Dangote, made our list. He doesn’t have the name Dangote, as is evident. He is not the billionaire’s biological son, for this reason. He is a son by adoption. He should be included on our list of Dangote’s children, nevertheless. These are the 15 offspring of the millionaire that we are now able to provide you with their names. Dangote maintains a highly discreet family life, for this reason.
President Olusegun Obasanjo’s 2003 reelection campaign was heavily financed by Dangote, who contributed more than N200 million (US$2 million). He gave N50 million (US$500 000) to the National Mosque through the “Friends of Obasanjo and Atiku” organisation. Dangote also gave the Presidential Library N200 million.
Despite well publicised anti-corruption campaigns during Obasanjo’s second tenure, these highly contentious presents to PDP party members have raised serious issues. President Goodluck Jonathan selected Dangote to be a part of his economic management team in 2011.
Dangote was reportedly considering running for president of Nigeria in the 2019 election, according to reports that surfaced in 2017. Dangote stated that he would not be running for politics and declined to do so. Dangote, however, continued to work for Muhammadu Buhari’s reelection campaign as a member of a special advisory council.
Aliko Dangote Donations
The Nigerian government said in 2014 that Dangote had contributed 150 million nairas to stop the spread of the Ebola virus. Dangote promised to donate $10 million in 2016 to help Nigerians impacted by the Boko Haram insurgency. He gave 200 million nairas in March 2020 to the effort to stop COVID-19 from spreading throughout Nigeria.
On public health challenges, Dangote has collaborated with the Bill & Melinda Gates Foundation. At the 2019 African Cup of Nations (AFCON), Aliko Dangote and Femi Otedola pledged to provide the Super Eagles of Nigeria with US$75,000 for each goal scored. He has expressed interest in purchasing the English soccer team Arsenal F.C. as well as being a passionate fan.
Additionally, he gave money to the Nigerian Ministry of Sports for renovations at Abuja’s National Stadium.
Aliko Dangote Awards
The Grand Commander of the Order of the Niger (GCON), Nigeria’s second-highest honour, was given to Dangote by the previous president, Goodluck Jonathan. The 2014 Forbes Africa Person of the Year award went to Dangote. 2013–2014, 2015–2016–2017–2018, Forbes recognised him as the “Most Powerful Man in Africa” for six years in a row.
He was named one of CNBC’s “Top 25 Businessmen in the World” in 2014, a selection of people who changed and moulded the century. He was selected as one of the world’s 100 most influential people by Time magazine in April 2014. Dangote was included among the “50 Most Influential People in the World” by Bloomberg Markets in October 2015.
“The Guardian Man of the Year 2015” went to him. The Africa-America Institute’s “2016 African Business Leader Award” was given to him (AAI). Dangote was listed by the New African magazine as one of the top 100 most influential Africans in 2015, 2017, 2018, and 2019.
Aliko Dangote Net Worth
A billionaire from Nigeria named Aliko Dangote has a $18.8 billion fortune. Occasionally, Aliko Dangote held the title of the richest person in Africa. He is currently, by a wide margin, the richest person in Nigeria. The Dangote Group, which today dominates many of Nigeria’s commodities, is how he acquired his wealth.
[table id=3968 /]
How much is the net worth of Aliko Dangote?
Who is Aliko Dangote wife?
What is Aliko Dangote age?
What is the name of the Aliko Dangote firm?